I've got a baaaaaaaaaaaaaaad feeling
I think the US taxpayer is about to get stuck with billions, if not trillions, in toxic loan CDO garbage. And Congress and the media will do nothing about it.
It could come in a few different ways. Most likely is the Fed takes the garbage onto their balance sheet directly, assuming the risk and the mis-marked values.
Also watch for Congress to authorize a bailout or nationalization of Fannie and Freddie as well as the banks and investment houses deemed "too big to fail". The first rumblings will start this week. And yes, the shareholders there will be wiped out, just like Northern Rock and Bear Stearns. But so will the dollar-holding, dollar-earning taxpayers in the end.